Finding a human resources (HR) platform that fits your diverse organizational needs can be a cumbersome task. Several factors must be considered, with cost being one of the most critical considerations. BambooHR is an advanced platform that caters to various sectors and meets their unique organizational needs.
BambooHR offers two custom pricing plans that are charged on a monthly basis. It offers volume discounts based on the number of employees, and the discount keeps getting bigger as the workforce keeps increasing. Additionally, the software offers free demo that customers can request to see if the offered features align with their company needs.
Let’s dive into the details of BambooHR platform, its pricing plans, and the features offered in each plan in the following guide!
BambooHR is a comprehensive HR platform that serves various industries, ranging from start-ups and small companies to large enterprises. It is trusted by 34,000+ companies across the globe and includes renowned users, including SoundCloud, ZipRecruiter, UserTesting, and Postmates.
The software assists administrators in simplifying hiring and onboarding processes, as well as payroll processing and attendance management. It helps employers make data-driven decisions by providing employees’ records and analytical reports.
Furthermore, BambooHR scales as the businesses grow and accommodate their increasing requirements efficiently. Its mobile application helps the HR staff manage their tasks on the go, thereby saving time.
BambooHR offers custom pricing plans, based on the number of employees. These are:
BambooHR Core
BambooHR Pro
Choosing the right BambooHR plan for your organization depends on several factors, with business requirements and budget being the most important. The software offers two pricing plans, each providing distinct features and help employers seamlessly execute their hiring, onboarding, and workforce management tasks. Regardless of these functionalities, some of the core factors you must consider while choosing a BambooHR pricing plan are as follows:
Company Size
Evaluate your workforce size and the HR functionalities needed. Take your organizational goals into consideration and the possible growth mark you plan to achieve. Keeping all these points under consideration, you can choose a BambooHR plan.
For instance, if you are running a small to medium-sized business that does not require extensive HR tools to handle administrative tasks, BambooHR Core will suit you best at its flat monthly rate. However, BambooHR Pro best fits the needs of large companies with more than 25 employees.
Administrative Requirements
Administrative requirements are closely related to the company size. Therefore, depending on the size of your company, you can analyze the features offered by both BambooHR plans. If you are a large enterprise and need to track employees’ performance and give continuous feedback, BambooHR Pro will be the ideal choice for you.
Budget Limit
Although BambooHR’s plans offer custom pricing, you can select the one that best aligns with your needs. The software offers a monthly flat rate for companies with fewer than 25 employees. For businesses with larger workforces, it charges on a per-employee, per-month basis. Additionally, BambooHR offers discounts as the businesses’ employee count increases. The platform does not offer annual contracts, and its pricing is restricted on a monthly basis only.
Payment Methods And Discounts
Feasibility is of utmost importance when it comes to payment methods. For monthly payments, BambooHR accepts both credit and automated clearing house (ACH) payments. For customers opting for annual pre-payments, the software accepts checks and wire transfers.
Furthermore, BambooHR automatically applies volume discounts to all accounts based on their number of employees. This discount increases with the rising number of employees. The platform offers a 15% discount to registered non-profit organizations. It also offers a bundle discount to customers purchasing HR, benefits, and payroll package together.
Get to know more about BambooHR pricing by contacting Software Finder now and find the right plan for your business.